Sharp reduction in frozen meat and poultry supplies

Compared to a year ago, cold storage report revealed lower inventory of frozen meat and poultry with the exception of pork bellies.

The total of red meat in frozen storage was 16% lower than last year while total frozen poultry supplies fell 15%, according to the U.S. Department of Agriculture (USDA) National Agricultural Statistics Service June “Cold Storage” report. In addition, cheese and butter stocks also penciled at a lower level for the same time period in 2013.

Meat and Poultry

On May 31, 2014, total red meat supplies in freezers declined 3% from the previous month at 982.094 million lbs.  In contrast, total amount of frozen poultry supplies was up 8% from April at 1.036 billion lb.

Looking closer at the individual animal proteins, total stocks of chicken at 610.124 million lb. climbed 5% over previous month but dropped 15% from last year.  The total pounds of turkey in freezers – 424.296 million lb. - jumped 13% from April but 19% lower than May 31, 2013.

Frozen pork supplies were at 575.246 million lb., down 1% from last month and down 13% from a year ago.  On the other hand, pork bellies stocks did climb 3% from last month and 57% from previous year.

For beef, the total supplies in freezers were at 378.899 million lbs., down 6% from April and 21% decline from May 31, 2013.

Dairy Products   

Although butter stocks were up 11% from last month, the total amount in cold storage at 192.501 million lb. was 40% below the inventory levels on May 31, 2014.  Similar natural cheese stocks on May 31, 2014 stood at 1.068 billion lb., up 3% from April but down 7% from last year.

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